West Fraser Timber Co. to buy U.S. lumber business for US$430 million

July 26, 2017 - 4:00 PM

VANCOUVER - Canadian forestry company West Fraser Timber Co. says it has agreed to buy a U.S. lumber business for about US$430 million.

B.C.-based West Fraser says it will acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders.

The Gilman Companies are comprised of six sawmills and a finger-joint mill in Florida and Georgia as well as an administrative office in Georgia.

The operations employ approximately 900 people and have a combined annual production capacity of 700 million board feet of lumber.

The deal, which is subject to U.S. regulatory approval and customary conditions, is anticipated to close in the third quarter of this year.

News from © The Canadian Press, 2017

iN RESPONSE: Readers have their say
Following are emailed reader responses to stories or letters to the editor for the first week of May 2024. They have been edited slightly for readability. Got something you want to add? Send an email to editor Marshall Jones at mjone

From frost to drought: Strong start to Okanagan asparagus season despite challenges
It’s finally asparagus season at a North Okanagan farm after cooler spring weather pushed back the predicted start date, and all hands are on deck picking the crunchy green spears. For the past few weeks, overnight sub-zero temperatur

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized
BANGKOK (AP) — The prime minister of Thailand, the first country in Asia to legalize cannabis two years ago, said Wednesday that he wants to outlaw the drug again amid concerns that the lack of regulation had made it available to children a

Ritz-Carlton looking to build luxury homes at Vernon’s Predator Ridge resort
Vernon’s Predator Ridge resort community is not only looking to build a gondola, the global luxury brand Ritz-Carlton is set to build vacation homes. Wesbild Holdings, the company that owns Predator Ridge, announced today, May 9, the

WE DO RECOVER: Kamloops mother leaves life of crime and drugs behind
Looking at Kamloops mother Joni Reed it’s difficult to fathom how many years she survived living on the streets with a meth addiction. Life springs in every corner of her home with her
May 07, 2024 7:00 AM
Advisor wary of recall legislation as Kamloops councillors call for mayor's resignation
A provincially-appointed advisor sent to Kamloops with the goal of coaching city council through its dysfunction spent weeks working with the mayor and eight councillors, but he is "not optim
May 08, 2024 7:00 AM
Kamloops city council calls for mayor to resign
Kamloops city council called for the mayor to resign, but he's not expected to listen. The eight other members of Kamloops city council supported a motion asking for his resignation just
May 07, 2024 1:31 PM
Police issue public warning about escalating gang violence in Kamloops
Police expect gang violence to continue after a string of shootings and arsons in Kamloops. Kamloops RCMP are warning the public to stay clear of two men believed to be targeted in the viole
May 08, 2024 4:28 PM
Family of missing Merritt murder victim overwhelmed with rumours, questions
The brother of a missing Merritt man believed to be the victim of homicide is overwhelmed by the number of rumours, tips and questions coming in about the unsolved case, and he thinks he knows who
May 07, 2024 6:00 PM

Trending Now

View Site in: Desktop | Mobile